Accounts payable, accrued expenses, income taxes payable and other liabilities Annual Reports Our results reflect positive contributions across all areas of the business, including meaningful improvement in Engineering, continued strength in MSC and substantial growth from APM,” said Antonio Pietri, President and Chief Executive Officer of AspenTech.Pietri continued, “We enter fiscal year 2020 performing at a high level and are benefitting from a positive demand environment driven by a secular technology investment cycle in the process and other capital intensive industries. AspenTech cannot guarantee any future results, levels of activity, performance, or achievements.
We are confident this will generate additional value for our customers and shareholders over time.”Fourth Quarter and Fiscal Year 2019 Recent Business HighlightsAnnual spend, which the company defines as the annualized value of all term license and maintenance contracts at the end of the quarter, was approximately $541 million at the end of the fourth quarter of fiscal 2019, which increased 10.6% compared to the fourth quarter of fiscal 2018 and 2.8% sequentially.GAAP operating margin was 56.8% compared to 50.2% in the fourth quarter of fiscal 2018.Non-GAAP operating margin was 61.3% compared to 54.1% in the fourth quarter of fiscal 2018.AspenTech repurchased approximately 648,000 shares of its common stock for $75 million in the fourth quarter of fiscal 2019.AspenTech repurchased approximately 3.1 million shares of its common stock for $300 million in fiscal year 2019.Summary of Fourth Quarter Fiscal Year 2019 Financial ResultsAspenTech’s total revenue of $195.8 million included: which represents the portion of a term license agreement allocated to the initial license, was $148.5 million in the fourth quarter of fiscal 2019, compared to $111.6 million in the fourth quarter of fiscal 2018. which represents the portion of the term license agreement related to on-going support and the right to future product enhancements, was $39.5 million in the fourth quarter of fiscal 2019, compared to $39.2 million in the fourth quarter of fiscal 2018. was $7.8 million in the fourth quarter of fiscal 2019, compared to $8.3 million in the fourth quarter of fiscal 2018.Net income was $103.9 million for the quarter ended June 30, 2019, leading to net income per share of $1.49, compared to net income per share of $1.06 in the same period last fiscal year.Non-GAAP income from operations was $119.9 million for the fourth quarter of fiscal 2019, compared to non-GAAP income from operations of $86.1 million in the same period last fiscal year. For the quarter ended June 30, 2019, AspenTech reported income from operations of $111.2 million, compared to income from operations of $79.8 million for the quarter ended June 30, 2018. Payments for business acquisitions, net of cash acquired D&B Hoovers provides sales leads and sales intelligence data on over 120 million companies like Aspentech Europe B.V. around the world, including contacts, financials, and competitor information. Lease liabilities arising from obtaining right-of-use assets The Subscription and Software segment offers licensing of asset optimization software solutions, and associated support services. Interested parties may also listen to a live webcast of the call by logging on to the Investor Relations section of Aspen Technology’s website, A reconciliation of GAAP to non-GAAP results is presented in the financial tables included in this press release.AspenTech had cash and cash equivalents of $71.9 million and borrowings of $220 million at June 30, 2019.During the fourth quarter, the company generated $85.2 million in cash flow from operations and $84.9 million in free cash flow. By using this site you agree to the